James Richardson & Sons Limited (JRSL) is a privately-held corporation in Canada that is involved in several industries including agriculture (international grain trade, agribusiness, agri-food), energy, real estate, financial services, investments, and transportation. Headquartered in Winnipeg, Manitoba, its subsidiaries include Richardson International, which owns Richardson Pioneer, Richardson Oilseed, and Richardson Milling; Richardson Centre Ltd; Kingston Midstream; RF Capital Group, which includes Richardson Wealth; Bison Transport; Tundra Oil & Gas; and Wynward Insurance, as well as its philanthropic arm, the Richardson Foundation. Founded in 1857 by the eponymous James Richardson, it is the heart of the Richardson family dynasty.
Agriculture and food processing In the agriculture and agri-food sectors, James Richardson & Sons owns four companies.
Richardson International
James Richardson & Sons owns Richardson International Ltd. (formerly James Richardson International), the leading agribusiness of Canada, as well as three companies operated under Richardson. Headquartered in Winnipeg, Richardson handles and merchandises Canadian-grown grains and oilseeds, and is a vertically-integrated processor and manufacturer of oats and canola-based products. One division of Richardson International is Richardson Pioneer Ltd. With its network of high-throughput agribusiness centres in western Canada, it offers such services as seed selection, crop planning, and agronomic support during the growing season. Richardson Oilseed Ltd., another division, works with canola-based products and is fully integrated through the entire canola supply chain. It is one of the oldest and largest fully integrated crushing, refining, processing, and packaging operations in Canada. The last division, Richardson Milling Ltd., is a global oat miller with the "most extensive oat supply network in North America."
Energy
Tundra Oil & Gas Tundra Oil & Gas Ltd. is the largest oil producer in Manitoba, producing around 30,000 barrels of light crude oil per day. With core properties on the Williston Basin in southwestern Manitoba and southeastern Saskatchewan, the company operates more than 95% of its production and owns approximately 3,500 wells and facilities. Tundra has three offices:
Winnipeg (head office) — provides accounting, communications, and land administration in support of the other offices. Virden, Manitoba (field office) — oversees daily operations of Tundra's wells and facilities. It provide technical support for all drilling, completions, and "well tie-in activity;" engineering support for "facilities optimization, surface leasing, supply chain management, environmental activities, production accounting, human resources, local information services, and coordination of the company’s safety program." Calgary, Alberta (technical office) — provides geological-, geophysical-, and reservoir-engineering support and mineral leasing.
Kingston Midstream Kingston Midstream Ltd. (formerly Tundra Energy Marketing Ltd., TEML, until 2019) is a midstream oil and gas company focusing on the movement, storage, marketing, and distribution of petroleum products (crude oil). The company markets and transports hydrocarbons through an integrated network of gathering pipelines, storage tanks, rail, and truck terminals. Its pipeline business consists of 2,328 kilometres (1,447 mi) of pipeline gathering systems that transport crude oil from the Williston Basin in Manitoba and Saskatchewan. The systems in Manitoba include those in Cromer, Waskada, and Virden, which deliver product to the Cromer Terminal. which in turn is delivered to the Enbridge Mainline System or to Kingston Midstream’s Rail Loading Facility. TEML was incorporated in 2011, and began operating as a wholly-owned subsidiary of Tundra Oil & Gas in 2012. In 2013, it acquired EOG Resources' stake in the Waskada pipeline. In 2015, TEML acquired the Virden System from Enbridge for $26 million; and in 2016, it completed the acquisition of the Enbridge Saskatchewan Pipeline System for $1.07 billion. In 2019, TEML was renamed Kingston Midstream, named after Kingston, Ontario, where JRSL was founded.
Financial services JRSL owns three companies in the financial services sector:
RF Capital Group Richardson Wealth Wynward Insurance Group It also used to own Richardson Securities (later Richardson Greenshields), the last of Canada's large independent brokerage houses, which was acquired by RBC Dominion Securities in 1996.
RF Capital Group Richardson Wealth (known as Patrimoine Richardson in Quebec; formerly Richardson GMP) is one of the leading independent wealth management firms in Canada. It is owned by RF Capital Group Inc. (formerly GMP Capital Inc), a public company listed on the Toronto Stock Exchange (TSX) whose sole focus is on growing Richardson Wealth.
History RF Capital was founded in 1995 as Griffiths McBurney & Partners, and became GMP Capital Corp. in 2003, when it went public in a $110,000,000 IPO. In 2005, GMP Capital began operations of its private wealth management firm, GMP Private Client L.P. In 2009, GMP Private Client L.P. combined with Richardson Partners Financial Ltd to form Richardson GMP, creating "one of Canada's pre-eminent, independent wealth management firms." In 2013, Richardson GMP significantly expanded its business scale upon its acquisition of Macquarie Private Wealth Inc. (Canada) for $132 million. On 26 September 2016, RF Capital (then GMP Capital) completed its acquisition of FirstEnergy Capital Corp. On 6 December 2019, GMP Capital completed the sale of its capital markets business to Stifel Financial, as well as intending to consolidate 100% of ownership in Richardson GMP under GMP. On 6 October 2020, GMP Capital changed the company name to RF Capital Group Inc. Fourteen days later, GMP Capital completed consolidation of Richardson GMP under GMP, and on November 16, Richardson GMP began operating as Richardson Wealth.
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